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Austin's City Council is throwing its support behind six affordable housing projects. This move is all about helping them snag federal cash, which could mean more affordable homes for folks in the city.
At a glance
Stable — consistent level of discussion. 1 mention in the last 30 days, 4 the 60 before, 4 the 90 before that.
The contract will increase by $1,419,448, with a new total not to exceed $2,838,896.
Individuals and families experiencing homelessness in Austin.
No groups negatively affected
Nonprofits say they're struggling to handle a rise in evictions without extra support from the City of Austin.
The loan approval allows for continued development of multifamily housing in East Austin, potentially increasing rental inventory.
The project will renovate units and amenities while maintaining current affordability levels for residents.
This property transfer will enable the creation of new affordable ownership housing.
This project will add new ownership housing units to the Austin market.
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The 60-unit housing development will support nearly 250 adults and children fleeing domestic violence, sexual assault, child abuse and human trafficking.